$LUNA Holders Are ‘Literally Burning Money’ by Destroying Tokens to Reduce Supply, Says Terra Co-Founder

The co-founder of Terraform Labs, Do Kwon, has said that $LUNA holders are “literally burning money” when they send tokens to a dead address in a bid to reduce the cryptocurrency’s circulating supply. HODLers’ plan, Fortune reports, is to reduce the circulating supply of the cryptocurrency in a bid to prop up prices as demand […]